“I personally believe that we need law and economics, and economic theory of legal design. We need to have these to do the scientific measurement, which is necessary for legal design to be seen as a state of a science – and this will naturally facilitate further its use.” says Katri Nousiainen.
There is increasing interest and demand towards contract design. While contract design might be a daily activity in some of the organizations, others might need more prove of why it is important and what’s the impact of contract design. When the impact of design can be scientifically measured, it will make the use of design methods in legal context more appealing as the positive effects for the business can be seen clearly.
But how to measure the impact? This week we are joined by Katri Nousiainen who is conducting her PhD study that focuses on the total impact of design in the framework of commercial contracts. Katri tells us about her reasearch work and explains why research is essential to understand the big picture of contracting.
Katri Nousiainen is a lawyer and professional in legal education. She is conducting pioneering empirical research on impact in Legal Design and Ethics in Commercial Contracts with a twist of Law and Economics. She gives expert legal lectures on various practice areas of Commercial Law, Legal Design and Law & Technology. She is an invited keynote speaker at conferences and seminars across Europe. Currently she is conducting her research at the Harvard Law School, in the Center for Legal Profession (US) and at the University of Cambridge (UK).